share capital
This query is : Resolved
07 April 2009
can a private ltd co. can convert its creditors in the share capital to allot them shares
07 April 2009
A private limited company can do it. But before doing so you have to get a letter from the creditor that he is agreeing for investing for ____ no of shares and the application money being _________ can be transfered from his loan account. Further in the letter he should be enclosed the application form. Please get application form also duly filled in.
Then conduct a board meeting and allot the shares to them. File Form 2 accordingly.
Then conduct a board meeting and allot the shares to them. File Form 2 accordingly.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
